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RBI imposes monetary penalty on Meghraj Nagarik Sahakari Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed monetary penalty on Gujarat-based The Meghraj Nagarik Sahakari Bank for non-compliance with certain directions of the central bank.
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RBI imposes monetary penalty on Rajgurunagar Sahakari Bank Limited
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 4 lakh on Pune-based The Rajgurunagar Sahakari Bank Limited on non-compliance with directions of the central bank on the interest rate and deposits.
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SC issues notice on Subramanian Swamy's plea for probe into role of RBI of
Updated : 3 years, 5 months ago IST
New Delhi [India], October 17 (ANI): The Supreme Court on Monday issued notice to the Reserve Bank of India (RBI) and CBI on a plea filed by senior BJP leader Subramanian Swamy seeking a CBI probe into the alleged role of RBI's nominee directors in bank loan fraud cases.
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RBI Guv says central bank taking measures to improve availability of digit
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 16 (ANI): The Governor of the Reserve Bank of India Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services.
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Views on WPI inflation: Rate hikes to continue as retail inflation still a
Updated : 3 years, 5 months ago IST
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
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RBI fails to meet inflation mandate; Sept CPI surges to 7.41 per cent
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter that would force the central bank to explain to the government the reasons for not bei
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RBI cancels 'certificate of registration' of four NBFCs
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 12 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the 'certificate of registration' of four non-banking financial companies (NBFCs).
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Supreme Court's Constitution Bench seeks Centre, RBI response on demonetis
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): The Supreme Court's Constitution Bench on Wednesday asked the Centre and Reserve Bank of India (RBI) to file a comprehensive affidavit on the decision to demonetize currency notes of Rs 500 and 1,000 in 2016.
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RBI cancels licence of Pune-based Seva Vikas Cooperative Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd because of the company's earnings prospects and lack of capital.
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RBI imposes monetary penalty on Kerala State Cooperative Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Thiruvananthapuram-based The Kerala State Co-operative Bank Ltd for non-compliance with the provisions of the banking regulations.
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EoIs invited from consultants of advanced analytics, AI, ML by RBI
Updated : 3 years, 5 months ago IST
Mumbai [India], October 9 (ANI): As artificial intelligence, advanced analytics and machine learning get embedded in our lives in terms of GPS navigation, stock markets and so on, the central bank is seeking expressions of interest from consultants in these next-generation technologies for i
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Markets may have a bearish mode on Monday trade
Updated : 3 years, 5 months ago IST
New Delhi [India], October 9 (ANI): Experts believe stocks will be still in bearish mode as markets open up on Monday. The Indian equity markets are widely influenced by global cues, the macro environment and depending on the situation of stock exchanges' index like Dow Jones, it may continu
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